The market did seem to recover somewhat last month. My wife's and my IRAs recovered about $10K each of their respective values. Ain't paper wealth wonderful? Keep it up!

 

Lucky me I locked in at 6.8% last week for my morgage. Rates are back up to 7.4%-7.5% now

Money is soo expensive.

 

Hopefully, a decrease in short term interest rates will encourage people to get some short term loans for personal or business uses. That should get people to spend some money. I would imagine the rates on car loans should be affected by this. What about home improvement loans or even loans for small business to buy equipment or to expand? Maybe the future seems too uncertain to take such risks in capital expenditures. I would imagine people would need a lot more assurance before they'll make any large commitments to spend their money in the near future.

 

Wow, the next day, Dow rose about 300 points!

I guess (according to Mingster theory) the market is expecting another interest rate drop NEXT month?

 

We need more days like today...